what is marketed surplus? explain its significance with reference to Green revolution.
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Explanation:
Hi... ARMY
Marketed surplus:
Actual amount of produce sold by the farmer.
Eg. - If a farmer has a produce of 100 quintals
significance:
As a result of the Green Revolution and the introduction of chemical fertilizers, synthetic herbicides and pesticides, high-yield crops, and the method of multiple cropping, the agricultural industry was able to produce much larger quantities of food
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Answered by
5
MARKET SURPLUS
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A Market Surplus occurs when there is excess supply- that is quantity supplied is greater than quantity demanded. In this situation, some producers won't be able to sell all their goods. This will induce them to lower their price to make their product more appealing.
SIGNIFICANT
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As a result of the Green Revolution and the introduction of chemical fertilizers, synthetic herbicides and pesticides, high-yield crops, and the method of multiple cropping, the agricultural industry was able to produce much larger quantities of food.
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